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what's the truth on taxes? >> well, that's one of the essential questions of the cam paint that's what the obama campaign is saying about this. but what the romney/ryan campaign says about the obama plan is they have not done anything to say where the spending would be cut, to say where they're going to be doing things to reduce the deficit, and that's going to fall on middle-class families so it's a question of philosophy here, whether you think there is enough and other things he says he'll do to cut spending in the budget to make up the money that would be lost in revenue from that 20% across the board tax cut or whether you believe that the plan that president obama is saying to say that there should be cut for middle-class taxes, extension for bush tax cuts for those making under $250,000 and not for others and that that money should be used to make up the revenue there. >> lori, there was also a dispute add to whether ryan would have voted for plan that would have raised out-of-pocket cost. take a listen.
what's the truth on taxes? >> well, that's one of the essential questions of the cam paint that's what the obama campaign is saying about this. but what the romney/ryan campaign says about the obama plan is they have not done anything to say where the spending would be cut, to say where they're going to be doing things to reduce the deficit, and that's going to fall on middle-class families so it's a question of philosophy here, whether you think there is enough and other things he says...
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is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those benefits. so -- if that's your standard, a, it is against 70% to 80% of -- >> poll tax only deals with when you are going to the polls. poll tax only deals with -- poll tax really only deals when you are going to the polls. >> i know what a poll tax is. >> driving on a road and getting a lines, that's not a poll tax. going into a government build sing not a poll tax. flying on an airplane and showing your passport is not a poll tax. going to vote and having to prove who you are but having to go out and spend money on getting that i.d. or driving positive miles because you don't have an i.d. place in your town and you have to drive this distance to get one, that is a poll tax. that costs you money. >> as far as i'm a
is a poll tax constitutional or unconstitutional? >> poll tax would be. i don't understand -- that's like saying to drive on a road is a poll tax -- you have to get a license to enter a government building there is a poll tax because you have to show a photo i.d. to get government been pits a poll tax because you have to show i.d. to get those benefits. so -- if that's your standard, a, it is against 70% to 80% of -- >> poll tax only deals with when you are going to the polls. poll...
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he was exposed for lying on the tax plan. he was exposed for lying on medicare. he was exposed to somebody that wants to privatize social security. he was exposed as a ticket that is politicalizing a tragedy in the middle east. the vice president called him out. i was so proud of him. >> some are saying the one weak point was the response to the initial question on libya. >> they sent the u.n. ambassador out to say this is because of a protest and youtube video. >> that is exactly what we were told by intelligence community. >> by who? >> the intelligence community told us that as they learned more facts about exactly what happened. they changed their assessment. >> joe scarborough this morning, as well as in "the daily standard," they said this that biden throws the intelligence community under the bus. what's your thought here? was the vice president not aware of the congressional testimony that happened on tuesday? the full tick tock that had come out? it didn't sync with his answer, necessarily. >> i think there will be more to be said on this today. i'm not
he was exposed for lying on the tax plan. he was exposed for lying on medicare. he was exposed to somebody that wants to privatize social security. he was exposed as a ticket that is politicalizing a tragedy in the middle east. the vice president called him out. i was so proud of him. >> some are saying the one weak point was the response to the initial question on libya. >> they sent the u.n. ambassador out to say this is because of a protest and youtube video. >> that is...
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celine dionne and steven segal owe the most in unpaid taxes. segal owes nearly $350,000. >>> finally, music talent must run in the family. this is my favorite. according to ancestry.com justin bieber is a distant cousin of ry ry ryan gosling. this dates back to the earliest settlers. i would love to be a part of that. if there's an extra seat at the table. >> i'm lynn berry, this is "first look" on msnbc. be sure to stay tuned. way too early with willie geist starts right now. >>> only way you can find $5 trillion in loopholes is cut the mortgage deduction for middle class people, cut the health care deduction, take away their ability to take away their tax break to send their kids to college. >> is he wrong about that? >> he is wrong about that. >> how's that? >> you can cut the taxes and preserve the cuts for them. >> not mathematically possible. >> it is. it's been don
celine dionne and steven segal owe the most in unpaid taxes. segal owes nearly $350,000. >>> finally, music talent must run in the family. this is my favorite. according to ancestry.com justin bieber is a distant cousin of ry ry ryan gosling. this dates back to the earliest settlers. i would love to be a part of that. if there's an extra seat at the table. >> i'm lynn berry, this is "first look" on msnbc. be sure to stay tuned. way too early with willie geist starts...
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then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much as mitt romney wants to there is no way or he would have put forth the pro growth plan. he's ring on magic like harry potter will be his treasury secretary. >> he's not going to be able to cut taxes for rich people. he doesn't want to. the idea of pro growth taxes -- >> didn't he say 20% across the board? >> he did, but he also said if you take up the deductions, rich people won't get a big tax break. that's the truth. if you go through the principles and think about it, how do you design a pro growth tax policy? you have to take down the race and get rid of deductions. the numbers can add up.
then he can't deliver tax cuts. >> you can come up with a tax reform plan. increased revenue that takes down the rates, makes it fairer everybody. it's difficult, but you can do it. >> you can't take the rates down 20% though on top of the bush tax cuts. >> romney said, i have reform principles. they are going to help grow the economy and create jobs but the idea he can raise taxes is fanciful. he'll never do it. >> if you are going to cut taxes for the wealthy as much...
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they pay more tax than governor romney pays on his federal income tax. i have had it up to here, this 47%. it's time to take responsibility here. instead of signing pledges to grover nor quis not to ask the wealthiest among us to bring back to middle class, sign a pledge saying we are going to level the playing field. >> romney is a good man. he cares about 100% of americans in this country. with respect to that quote, i think the vice president very well knows sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> vice president biden and congressman ryan trading bars over government spending and the administration stimulus plan during the financial crisis. >> they passed the similar lus. we could boarry $831 billion, spend it on special interest groups and it would work out fine. unemployment was above 8% for 43 months. if we passed the stimulus, it would grow to 4%. it's 1.3. >> i love my friend here. i'm not allowed to show letters but go on our website. he sent two letters saying by the way, can you send
they pay more tax than governor romney pays on his federal income tax. i have had it up to here, this 47%. it's time to take responsibility here. instead of signing pledges to grover nor quis not to ask the wealthiest among us to bring back to middle class, sign a pledge saying we are going to level the playing field. >> romney is a good man. he cares about 100% of americans in this country. with respect to that quote, i think the vice president very well knows sometimes the words don't...
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eliminate income tax, corporate tax, abolish the irs and replace that with one federal consumption tax which i think really will create tens of millions of jobs given a zero corporate tax rate environment. >> well, you made that fairly easy. you ticked down that. but you can go into the details on this. as you know, a lot of those things could get accomplished given the two party duopoly in congress. but many of the issues that you're advocating are positions one or the other holds. so marriage equality, the obama/biden ticket is tfully supportive of that. balancing the budget now you say there is a big chunk of the republican party that advocates that. a lot of your views are being represented, though all just not in the same party. is that a fair statement? >> i think so but maybe not a fair statement from the standpoint that i think both parties give lip service to, for example, democrats give lip service to no military intervention when the reality is, continued military intervention. republicans give lip service to a balanced budget but, gentlemen gee, let's do it in 28 years and
eliminate income tax, corporate tax, abolish the irs and replace that with one federal consumption tax which i think really will create tens of millions of jobs given a zero corporate tax rate environment. >> well, you made that fairly easy. you ticked down that. but you can go into the details on this. as you know, a lot of those things could get accomplished given the two party duopoly in congress. but many of the issues that you're advocating are positions one or the other holds. so...
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ryan's plan is completely tax free, get rid of the capital gains tax, get rid of the gift tax, create dynastic wealth, turn america into 18th century france, and we all know how well that ended. >> david cay, what about the loopholes? middle class americans out there keep hearing that loopholes are going to be closed. what do you think they're talking about? they haven't been specific on that, either. >> no, and that's part of the troubling idea. what they're very specific about is cutting taxes. they won't talk about exactly what are we going to do? and without knowing that, we have absolutely no idea. are they going to stop the use of offshore investing and total deferral of income for private equity managers like mitt romney was when he was the sole owner of bain capital? and could have taken advantage of that? they won't say, so we have no idea. but the big numbers would be in taking away the middle class' 401(k) or other retirement savings plans, health insurance, and the mortgage interest deduction. >> yeah. let's clear up this about social security. play this sound bite, if we
ryan's plan is completely tax free, get rid of the capital gains tax, get rid of the gift tax, create dynastic wealth, turn america into 18th century france, and we all know how well that ended. >> david cay, what about the loopholes? middle class americans out there keep hearing that loopholes are going to be closed. what do you think they're talking about? they haven't been specific on that, either. >> no, and that's part of the troubling idea. what they're very specific about is...
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romney closing the gap in a number of these battleground states, continues to say that the $5 trillion tax cut romney's proposing would add to the deficit and romney insists it is absolutely not true. >> he said if he says it's not true, then it's not true. okay. >> reporter: in battleground ohio, president obama insists mitt romney's tax cut will add $5 trillion to the deficit. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >
romney closing the gap in a number of these battleground states, continues to say that the $5 trillion tax cut romney's proposing would add to the deficit and romney insists it is absolutely not true. >> he said if he says it's not true, then it's not true. okay. >> reporter: in battleground ohio, president obama insists mitt romney's tax cut will add $5 trillion to the deficit. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's...
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that's the black tax we have talked about on this show. i want to talk to you about who would be a better role model for your daughter where once again michele obama wins in a landslide and ann romney's a lovely person but we have seen through the last four years michele obama be the sort of amazing role model for american women, intelligent, seriousness, grace. a lot of men read "esquire." what are they seeing about michele obama that's speaking to them through this idea? >> well, there are two ways to look at that question right there. the first is that, of course, michele obama outpolls ann romney. the first lady of the united states. active and visible first lady. you could look at it as a much plainer side by side comparison and twice as many people feel having her as a role model than ann romney. >> richard, one of the questions that interested me is you asked a sort of boot strap question. who had more help in achieving the success and people felt that romney through the wealth and privilege inherited had more assistance versus the
that's the black tax we have talked about on this show. i want to talk to you about who would be a better role model for your daughter where once again michele obama wins in a landslide and ann romney's a lovely person but we have seen through the last four years michele obama be the sort of amazing role model for american women, intelligent, seriousness, grace. a lot of men read "esquire." what are they seeing about michele obama that's speaking to them through this idea? >>...
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he'd eliminate taxes on capital gains, repeal the alternative minimum tax and estate tax and cut the top corporate tax rate from 35% to 25%. on the other hand president obama would keep tax rates the same for those making less than $250,000. he'd also raise the top two tax brackets to 36% and 39.6% and he has supported the buffet rule. he'd restore the estate tax but lower the corporate tax rate to 28% from 35%. so the choice is yours, undecided voter. but i see a clear distinction with one candidate supporting the rich, the other the middle and working class. now, on to a sliver of life that many see as only affecting one portion of the electorate but it's an issue that often divides us as a nation. number 8, abortion. with romney this gets a bit tricky. you see, in 1994 and 2020 he said he supported roe v. wade although he personally opposed it. in his 2008 presidential run he opposed it except in the case of rape, incest, or to save a mother's life and in 2012 he wants the supreme court to overturn roe v. wade. then on tuesday he said this. there's no legislation regarding in rega
he'd eliminate taxes on capital gains, repeal the alternative minimum tax and estate tax and cut the top corporate tax rate from 35% to 25%. on the other hand president obama would keep tax rates the same for those making less than $250,000. he'd also raise the top two tax brackets to 36% and 39.6% and he has supported the buffet rule. he'd restore the estate tax but lower the corporate tax rate to 28% from 35%. so the choice is yours, undecided voter. but i see a clear distinction with one...
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i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here? come on. >> in the final weeks of the campaign, the obama campaign may want to use a little more of the big dog and a little less of big bird, you might say. anyway, msnbc political panelist eugene robinson is with "the washington post" and cynthia turk is visiting. cynthia, it always brings our spirits up seeing bill in action. he finds the joy in it. in that this guy is a bit of a con artist and he's reinvented the whole massachusetts governor for the purpose of 90 minutes. and whenever's anyone's really listening in the big crowd, he reverts to the old bad stuff the minute nobody's looking. >> and chris, he explains all that in terms that people understood. he does it with a smile on his face. he doesn't seem in any way mean or harsh or vindictive. he seems funny, which he is. it's also clear that bill clinton is having a really good time. he enjoys being on the campaign trail. he enjoys politics in a way that i don't think that pres
i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here? come on. >> in the final weeks of the campaign, the obama campaign may want to use a little more of the big dog and a little less of big bird, you might say. anyway, msnbc political panelist eugene robinson is with "the washington post" and cynthia turk is visiting. cynthia, it always brings our spirits up seeing bill in action. he finds the joy in it. in that this guy is a...
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. >> we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans' tax rates. >> how much does it cost? >> revenue neutral. >> it's not revenue neutral unless you take away deductions. >> that's where i'm going. >> we're going to get to that. >> lowering tax rates broadening the tax base works you -- >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> worse still, the public has begun to notice. >> where are the answers? i mean, why aren't you more specific? i heard you was it sunday when you were on fox and you didn't answer his question about how we're going to, you know, what are your plans. >> so has the romney upgrade resulted in a paul ryan downgrade? in the new issue of "time" magazine, michael crowley writes once famous for long policy sem seminars ryan steered clear of specifics where sarah palin went rogue, rhine has gone vague. phil, gop strategist extraordinaire has paul ryan gone vague and if he is vague how does that play out on the debate stage? >> what a setup. thank yo
. >> we'll get to the deductions but the cut in tax rates. >> the cut in tax rates is lower all americans' tax rates. >> how much does it cost? >> revenue neutral. >> it's not revenue neutral unless you take away deductions. >> that's where i'm going. >> we're going to get to that. >> lowering tax rates broadening the tax base works you -- >> you haven't given me the math. >> i don't have the -- it would take me too long to go through...
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going back to this issue of his taxes not only has he not released his tax returns, as many presidential candidates have in the past, of course, but he's effectively paid a 14% rate on his taxes, and that is something that is a lower rate paid on investment income. let's have a listen to a little bit of that ad. >> you've paid 14% in federal taxes. that's the capital gains rate. is that fair to the guy who makes $50,000 and paid a higher rate than you did? so you think it is fair? >> yeah, i think it's -- it's the right way you encourage economic growth. >> lower tax rates for him than us. is that the way to grow america? >> and so it goes, alex. the president leaving the white house just a little later this morning. >> mike viqueira, thank you very much. while the gop ticket is crisscrossing the crucial battleground state of ohio again today and mitt romney will be holding two events. one in portsmouth, another in lebanon. in hours paul ryan holds his rally in youngstown. that is where we find nbc's ron mott live at youngstown state university. we know that the campaign is making a very
going back to this issue of his taxes not only has he not released his tax returns, as many presidential candidates have in the past, of course, but he's effectively paid a 14% rate on his taxes, and that is something that is a lower rate paid on investment income. let's have a listen to a little bit of that ad. >> you've paid 14% in federal taxes. that's the capital gains rate. is that fair to the guy who makes $50,000 and paid a higher rate than you did? so you think it is fair?...
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i don't pledge to raise or cut taxes on the wealthy in this country. i love teachers. you know, i think we should have more of them. a whopolicy positions that disappeared instantaneously on that stage. i have no doubt, though, that president obama and vice president biden understand now that we're dealing with a guy that looks a lot like mndz romney and sounds like mitt romney, but we have mitt romney who believes that we ought to cut taxes on the wealthy as a way to prop up and drive economic growth, and that's his single economic theory, and we've got a guy who believes that we should be cutting teachers, not hiring more of them to invest in growth. >> robert, it's willie. it's good to see you this morning. >> hey, willie. >> i hope you can promise the american people and obama supporters that gene chizik won't be involved in the debate prep for the next debate. >> did joe put you up to that? >> that was all me, robert. >> please call joe scarborough and tell him to quit going negative. >> robert, i'm right here. >> we have a big game against vandy coming up, willie
i don't pledge to raise or cut taxes on the wealthy in this country. i love teachers. you know, i think we should have more of them. a whopolicy positions that disappeared instantaneously on that stage. i have no doubt, though, that president obama and vice president biden understand now that we're dealing with a guy that looks a lot like mndz romney and sounds like mitt romney, but we have mitt romney who believes that we ought to cut taxes on the wealthy as a way to prop up and drive economic...
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in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship. the person who is guilty is the person who is cheating. >> yes, indeed. ken, mr. romney tells wolf blitzer that will be a preference, in his words, for home mortgage deduction and charitable contribution, so to make up for the tax cuts, what ducks will go away? have you found them? >> this has been a great challenge of covering the campaign where there isn't -- >> this is a bigger mystery than the loch ness monster, no one can find them. >> that's one thing democrats will press him on. they've tried with a high degree -- to point out that is not -- the math is not working here, that's one of the thin
in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship....
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kennedy tax cut. the taxes when kennedy was president were cut from 91% to 71%. the taxes were skewed toward the middle and lower class. the tax base was at 91 to 71 for the top margin. the tax rates for the top earners right now are fundamentally different. they're in the mid to high 30s. what i'm campaigning on is solving the fiscal crisis. and you know that if we don't have new revenue, that doesn't engage in tricks, the congressional research service says your tax cutting policy hasn't worked one time. paul ryan couldn't cite an example -- >> can i do a joe biden laugh now? >> sure, you can do it. you look terrific. you have teeth as good as his. >> i was just going to say i talked to a lot of major business leaders who want romney elected, but almost to a man and a woman they say, we're going to have to pay more taxes in our category. what they want to do, however, is to benchmark them against spending cuts so they can get spending down to 20% of gdp. there will have to be a combination in their judgment. and these are private business leaders who run big co
kennedy tax cut. the taxes when kennedy was president were cut from 91% to 71%. the taxes were skewed toward the middle and lower class. the tax base was at 91 to 71 for the top margin. the tax rates for the top earners right now are fundamentally different. they're in the mid to high 30s. what i'm campaigning on is solving the fiscal crisis. and you know that if we don't have new revenue, that doesn't engage in tricks, the congressional research service says your tax cutting policy hasn't...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> romney's campaign continuing a blitz of ohio today denying that he's a new moderate but here is what he told the des moines register yesterday. when asked about his agenda on abortion. >> there's no legislation regarding -- with regards to abortion i'm familiar with that would become part of my agenda. >> joining me now, "usa today's" washington bureau chief susan page and "time" assistant managing editor. good morning, both of. >> did you good morning. >> susan, romney's statement appeared to be away from the democrats tried use against them and campaign quickly issued a statement saying mitt romney is pro-life. what is going on with the romney message? >> well, i think romney is -- governor romney is definitely trying to pivot to the middle. we were waiting to do this last spring and early summer when he clinched the republican nomination. he's doing it now kind of on the late side. it is the same sort of more centrist message th
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> romney's campaign continuing a blitz of ohio today denying that he's a new moderate but here is what he told the des moines register yesterday. when asked about his agenda on abortion. >> there's no legislation regarding -- with regards to abortion i'm familiar with that would become part of my agenda. >> joining me now, "usa today's"...
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sure, he said president obama didn't raise taxes, and president obama didn't raise taxes, but really, mitt romney officially thinks that he did. they have done this over and over and over and over again, on big issues like health reform, on small issues like whether he met a guy or not. and it is a ridiculous technique. i mean, think about what this means for the long run. i mean, the romney campaign is training the country to not believe this guy when he is talking. they're training the country to feel that, you know, wherever you hear mitt romney saying something today, don't worry, it doesn't really matter. it is all subject to revision later. long-term, this is a weird technique. it has been a strange political technique from the get-go this year. but mostly, it has worked for them. them correcting the record later on to a smaller audience has mostly worked. so they just keep doing it. and they have kept getting away with it. but now, as of today, they have seemed to have gone too far to get away with it anymore. this is what mitt romney told "the des moines register" editorial bo
sure, he said president obama didn't raise taxes, and president obama didn't raise taxes, but really, mitt romney officially thinks that he did. they have done this over and over and over and over again, on big issues like health reform, on small issues like whether he met a guy or not. and it is a ridiculous technique. i mean, think about what this means for the long run. i mean, the romney campaign is training the country to not believe this guy when he is talking. they're training the...
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they pay more effective tax than governor romney pays in his federal income tax. >> even when biden wasn't on his campaign talking points he was using his very own special brand of biden-ooez to tug the rug out from under paul ryan's feet. >> this is a bunch of stuff. look here's the deal -- >> what does that mean. >> we irish call it mularkey. >> the greatest hope for republicans was a gaffe but biden managed to take his weakness and redirect it towards governor romney. >> romney is a good man, he cares about 100% of americans in this country. with respect to that quote, i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> i always say what i mean. and so does romney. >> this morning both sides are claiming victory and, indeed, everything may change in the next five days when president obama and governor romney take the stage again. but what biden did give is the president -- gave the president a path throwing his detractors off the scent and leading his best friend on the path towards victory. franklin, as the new guy at the t
they pay more effective tax than governor romney pays in his federal income tax. >> even when biden wasn't on his campaign talking points he was using his very own special brand of biden-ooez to tug the rug out from under paul ryan's feet. >> this is a bunch of stuff. look here's the deal -- >> what does that mean. >> we irish call it mularkey. >> the greatest hope for republicans was a gaffe but biden managed to take his weakness and redirect it towards governor...
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when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes it clear, under democratic presidents, everyone does better, even the very top. talk about trickle-down big government but more importantly, americans are ready to move on, even before the good news job numbers were released, an nbc/"wall street journal" survey showed that 44% of americans believe the economy will improve in the next year and four in ten say the country is headed in the right direction, the highest percentage on this question since june of 2009. here with me is cnbc contributor, dan dicker, a 25-year trading veteran of the new york mercantile exchange, civil right attorney mya wiley. attorney raul ruiz and a contributor to "the nation" magazine. thank you for being here. let me ask a question, does 7.8% wipe away wedne
when you compare the top marginal income tax rate, the tax rate that top earners get taxed over the highest threshold with employment, growth happens when taxes are higher, not lower. let me show you a chart that the president could have used this week to simplify the whole debate. this is what the election boils down to right here. larry bartels' chart makes it clear, under democratic presidents, everyone does better, even the very top. talk about trickle-down big government but more...
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Oct 11, 2012
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i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here? come on. >> the national gallup tracking poll of likely voters shows the presidential race even now at 48%. and tonight nate silver's forecasted that obama will win 294 electoral college votes and mitt romney will win 245. and president obama has a 68% chance of winning the election. it seems like 24 hours ago when we first heard mitt romney say that line yesterday, there's no legislation with regards to abortion that i am familiar with that would become part of my agenda. so many questions in there. you mean you're not familiar with it? and then here's his spokesperson today saying absolutely, he will sign -- as we said last night -- he will sign any legislation that a republican congress hands him on this. >> yeah. i think we've just discovered, lawrence, how long the leash around mitt romney extends. and just where it snaps and where it -- where that is is with social conservatives. it was funny because andrea saul, his spokesperson,
i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here? come on. >> the national gallup tracking poll of likely voters shows the presidential race even now at 48%. and tonight nate silver's forecasted that obama will win 294 electoral college votes and mitt romney will win 245. and president obama has a 68% chance of winning the election. it seems like 24 hours ago when we first heard mitt romney say that line yesterday, there's no...
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Oct 12, 2012
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not reading taxes is not cutting taxes. by the way, our budget -- >> we have not -- >> 3% a year instead of 4.5% like they proposed. >> let me calm down things here just for a minute. i want to talk to you very briefly before we go to closing statements about your own personal character. if you're elected, what could you both give to this country as a man, as a human being that no one else could? >> honesty. no one else could? there are plenty of fine people who could lead this country. but what you need are people who when they say they're going to do something, they go do it. what you need are when people see problems, they offer solutions to fix those problems. we're not getting that. look, we can grow this economy faster. that's what our five-point plan for a stronger middle class is all about. it's about getting 12 million jobs, higher take home pay, getting people out of poverty into the middle class. that means going with proven pro-growth policies that we know work to get people back to work. putting ideas on the ta
not reading taxes is not cutting taxes. by the way, our budget -- >> we have not -- >> 3% a year instead of 4.5% like they proposed. >> let me calm down things here just for a minute. i want to talk to you very briefly before we go to closing statements about your own personal character. if you're elected, what could you both give to this country as a man, as a human being that no one else could? >> honesty. no one else could? there are plenty of fine people who could...
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Oct 10, 2012
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i don't have that tax plan. you want to believe me, your lying eyes here. come on. >> the obama campaign wants to use more of the big dog and less of big bird, you might say. cynthia tucker is from the university of georgia. cynthia, it always brings our spirits up to see bill clinton. he finds that this guy is a bit of a con artist and he's reinvested the old massachusetts governor for the purpose of 90 minutes and reversed to the old bad stuff, the minute that nobody is really looking. >> and, chris, he explains all that in terms that people understand. he does it with a smile on his face. he doesn't seem in any way mean or harsh or vindictive. he seems funny, which is -- it's also clear that bill clinton is having a good time. he enjoys being on the campaign trail. he enjoys politics in a way that i don't think president obama does. and this gives him a great excuse for the first time in four years to be out with political crowds which he loves. and he's having a great time doing it. >> i think that the president doesn't know that there's music in politi
i don't have that tax plan. you want to believe me, your lying eyes here. come on. >> the obama campaign wants to use more of the big dog and less of big bird, you might say. cynthia tucker is from the university of georgia. cynthia, it always brings our spirits up to see bill clinton. he finds that this guy is a bit of a con artist and he's reinvested the old massachusetts governor for the purpose of 90 minutes and reversed to the old bad stuff, the minute that nobody is really looking....
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Oct 12, 2012
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not reading taxes is not cutting taxes. by the way, our budget -- >> we have not -- >> 3% a year instead of 4.5% like they proposed. >> let me calm down things here just for a minute. i want to talk to you very briefly before we go to closing statements about your own personal character. if you're elected, what could you both give to this country as a man, as a human being that no one else could? >> honesty. no one else could? there are plenty of fine people who could lead this country. but what you need are people who when they say they're going to do somethith
not reading taxes is not cutting taxes. by the way, our budget -- >> we have not -- >> 3% a year instead of 4.5% like they proposed. >> let me calm down things here just for a minute. i want to talk to you very briefly before we go to closing statements about your own personal character. if you're elected, what could you both give to this country as a man, as a human being that no one else could? >> honesty. no one else could? there are plenty of fine people who could...
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i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here, come on. >> former house speaker and illinois republican dennis hastert, who's a romney supporter. good morning. >> good morning. >> i want to ask about the comments that president clinton made moderate mitt do you believe that romney has tacked to the center over the last few weeks? >> i think he wants to be president of 100% of all of the people in the united states. he has to address concerns to more moderate people that he has that sensitivity. i think he proved that as governor of massachusetts. >> do you think he had waited too long to do that? >> that's the way we have to go. and i looked at what he did in massachusetts. he went across the aisle, went with the legislature that was 87% democrat and got things done. and i think he has to prove that to the american people, i think if he's going to win, he's got the republicans. if he has to win the middle. and he has to go out and talk about how he can bring this country together an
i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here, come on. >> former house speaker and illinois republican dennis hastert, who's a romney supporter. good morning. >> good morning. >> i want to ask about the comments that president clinton made moderate mitt do you believe that romney has tacked to the center over the last few weeks? >> i think he wants to be president of 100% of all of the people in the united...
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>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27 days to the election, meaning we still have time for 27 new and exciting policy shifts from governor mitt romney. and who better than the country's explainer in chief to outline the paradox of the mittens. >> i had a different reaction to that first debate than a lot of people did. i mean, i thought -- i thought wow. here's old moderate mitt. where you been, boy? i missed you all these last two years. >> call it the merry go mitt. governor romney has completed a full 360-degree rotation, changing his views so many times on -- so many times on some of his core beliefs that he's right back to where he started decades ago. he
>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27...
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Oct 9, 2012
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for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn. apparently two-thirds of -- or possibly three quarters even of goldman sachs employees were supporting financially president obama going into that campaign where he was initially elected. this time around, it appears that 70% are putting their money behind mitt romney. i think it's the continual presentation of attacks on bankers, on the financial sector, the blame being attached to them for the global financial crisis. i think people on wall street and in the city of london for that matter are frankly just had enough of hearing this, the blame game. they're putting their money where their mouth is. and that's mitt romney
for the united states, you got to deal with the fiscal cliff, the imf saying that combination of tax hikes and spending cuts could lock 4% of gdp growth in 2013. a message from our friends at the imf. back to you. >> also, i want to ask you about this story. "the wall street journal" reporting this morning, goldman sachsm turning their back on president obama. is this a trend an wall street this time around? >> this is a fascinating story. this is a real about turn....
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you pay him with your tax dollars so that can he crouch down with a sock in his hand and make silly voices. you disgust me. but before i go, remember, there's only one person in the world that's like you and that's you. people can like you exactly the way you are. but if they don't, then just pretend to be the sxabt opposite of what you are and then maybe they'll like you. >> but doesn't that undermine your original -- >> bill, you're fired. >> jimmy fallon. still ahead, why are you awake? your tweets, texts are next. ♪ ♪ [ female announcer ] pop in a whole new kind of clean. with tide pods. a powerful three-in-one detergent that cleans. brightens. and fights stains just one removes more stains than the 6 next leading pacs combined pop in. stand out. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. ♪ ♪ ♪ [ male announcer ] introducing a reason...to look twice. introducing a stunning work of technology -- the entirely new lexus es.
you pay him with your tax dollars so that can he crouch down with a sock in his hand and make silly voices. you disgust me. but before i go, remember, there's only one person in the world that's like you and that's you. people can like you exactly the way you are. but if they don't, then just pretend to be the sxabt opposite of what you are and then maybe they'll like you. >> but doesn't that undermine your original -- >> bill, you're fired. >> jimmy fallon. still ahead, why...
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what tax approach do you think could be negotiated in the lame duck? >> you know, we've had deadlock for two years and it's been on the revenue side, not on the cutting side. we always seem to agree on various cuts to make, whether on the domestic discretionary programs like education or highways or on the entitlement programs, but we never seem to agree on revenues. i think one of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're
what tax approach do you think could be negotiated in the lame duck? >> you know, we've had deadlock for two years and it's been on the revenue side, not on the cutting side. we always seem to agree on various cuts to make, whether on the domestic discretionary programs like education or highways or on the entitlement programs, but we never seem to agree on revenues. i think one of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit...
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and for some of them even more than taxes abortion is the litmus test issue. it's also the issue on which governor romney has been absolutely totally positively the most flip floppy and squishyist. what he said yesterday was not exactly a flip flop back. it was essentially saying i don't have any legislation in mind. >> a lawyerly comment. >> at the top of my agenda. it's true. he hasn't proposed legislation and he also didn't say he would veto something that came from him. as we saw in the debate last week it is a definite shift in tone, a shift in tone that could appeal to both women voters and other independent voters who are trying to decide who this guy really is. >> chris cizilla, on that point, as to who this guy really is, andrea psaul issued a response saying -- what is your take away from all this? >> i think what he is trying to do is he understands -- and i would say this goes to the prominence of ann romney of late as well, he understands that women are absolutely essential he's not going to win them but he cannot lose the em bay wide margin. talk
and for some of them even more than taxes abortion is the litmus test issue. it's also the issue on which governor romney has been absolutely totally positively the most flip floppy and squishyist. what he said yesterday was not exactly a flip flop back. it was essentially saying i don't have any legislation in mind. >> a lawyerly comment. >> at the top of my agenda. it's true. he hasn't proposed legislation and he also didn't say he would veto something that came from him. as we...
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>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney going to that extent as matt as said and saying -- >> and doing something sensible for the government and the country. we wouldn't do that. >> but i also couldn't put anything past him at this point. >> joy reid and matt miller, thank you both. next, the president on the road again, as mitt romney campaigns right now with an aircraft carrier in the background. so who has the upper hand today? stay with us. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm
>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney...
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the bank's ceo jamie diamond also made headlines yesterday backing democrats on the tax cut debate saying he's willing to pay a higher individual rate. >>> meanwhile, west gate resort mogul david siegel known for his 90,000 square foot home warned i had 6500 employees if president obama is re-elected, he'll be forced to downsize or shut down entirely. >>> eastman kodak wants a bankruptcy judge to allow it to end benefits to 56,000 retirees. on the data front, september foreclosure filings dropped to a five-year low. and home heating oil could be 19% more expensive this winter. according to forbes, columbus, ohio, is the best u.s. city for working moms followed by new orleans, hartford, cincinnati and providence. >>> it is the end of an era for coca-cola. the very last iconic 6 1/2 ounce returnable glass bottle rolled off the production line in minnesota on tuesday. >>> finally, how about this for a cheesy will you be 'tis ti stunt. pizza hut is offering free pizza for life or over $15,000 for anyone willing to stand up and ask either candidate if they prefer sausage or pepperoni on their
the bank's ceo jamie diamond also made headlines yesterday backing democrats on the tax cut debate saying he's willing to pay a higher individual rate. >>> meanwhile, west gate resort mogul david siegel known for his 90,000 square foot home warned i had 6500 employees if president obama is re-elected, he'll be forced to downsize or shut down entirely. >>> eastman kodak wants a bankruptcy judge to allow it to end benefits to 56,000 retirees. on the data front, september...
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Oct 14, 2012
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doing tax cutting. we should have spent the whole trillion. the bottom line, we have a spending driven economy. when you have consumeser withdraw spending partly out of terror, they're losing value on their homes, banks withdrawing lending. you sucked all of that money and spending out of the economy, someone has to replace it. we've always had the government step in and replace that spending. we did it with fdr, even george w. bush did it. he hired a lot of government workers during the recession. >> post 9/11 we don't think of the tsa as a government jobs program, that's what it is. >> when i was in the bush administration, we didn't have four years of $1 trillion deficits. >> no. you created them. you made them. >> no, we did not. >> it was not a spending caused deficit. it was a war caused and tax cut caused deficit. >> not such a high def sit as we have now. they were not cuts in marginal tack rates. they were giving back money to people in terms of programs -- >> not stimulative. >> look, everyone
doing tax cutting. we should have spent the whole trillion. the bottom line, we have a spending driven economy. when you have consumeser withdraw spending partly out of terror, they're losing value on their homes, banks withdrawing lending. you sucked all of that money and spending out of the economy, someone has to replace it. we've always had the government step in and replace that spending. we did it with fdr, even george w. bush did it. he hired a lot of government workers during the...
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they have some obligations to society, and yet they are saying, i don't want to be taxed and if i'm taxed, then i'm going to take it out on all of you, that have less job security than you've ever had, whose wages continue to drop, and whose homes not worth 30% less than they were worth before. >> do you think these pressure tactics are going to work on workers? i mean, there is, you know, a fear in the job place in america when bosses act like this. you know, they don't want to lose their job. they saw harry down the street lost his job and their family is having a hard time. that kind of thinking sets in, what the heck, it's just a vote, i'm going to go ahead and do it. what do you think about that? >> it's possible, ed. this is a very, very, very tight election. and even if you have 5% of the workers who are intimidated like this or 3% or 2%, it could make a difference. and with unemployment still high, it's getting better, but unemployment's still high, a lot of people are looking for work, there's not enough job security out there to guard against this kind of intimidation. >> what d
they have some obligations to society, and yet they are saying, i don't want to be taxed and if i'm taxed, then i'm going to take it out on all of you, that have less job security than you've ever had, whose wages continue to drop, and whose homes not worth 30% less than they were worth before. >> do you think these pressure tactics are going to work on workers? i mean, there is, you know, a fear in the job place in america when bosses act like this. you know, they don't want to lose...
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cuts. 120,000 families throughout the country averaging $8 million a year will receive tax cuts from the romney plan. that is not good for the average virginian. the average virginian wants to send their kid to school here in virginia like odu campus, where i was just at. they need pell grants. and the romney/ryan plan will gut the pell grants to the expense of let's give the wealthy additional tax cuts. the virginians are rejecting the double down on trickle-down economics. >> voter registration deadline on monday. how important is turnout going to be? is it going to come down in virginia at least to at least turning out the base? >> it's all going to be -- >> it won't be about the base. >> it will be. >> brian, go ahead. >> it's going to be about the suburbs of washington, d.c. prince william, loudoun counties and hampden roads. that's where we're going to be watching the election returns, the suburbs of washington and hampden roads. >> and you both agree on that, right, brian? it's all going to come down to northern virginia. >> but it's -- i'm so proud to be a member of a party t
cuts. 120,000 families throughout the country averaging $8 million a year will receive tax cuts from the romney plan. that is not good for the average virginian. the average virginian wants to send their kid to school here in virginia like odu campus, where i was just at. they need pell grants. and the romney/ryan plan will gut the pell grants to the expense of let's give the wealthy additional tax cuts. the virginians are rejecting the double down on trickle-down economics. >> voter...
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i disagree. >> mitt romney's tax proposals, because he has said that he can cut taxes without blowing up the deficit, without being deficit neutral, and at the same time keep defense spending. >> yeah. >> increase the defense budget. how does that work? >> governor romney said he can lower marginal tax rates and generate offsetting revenue so we don't increase the side of the deficit. >> how do you generate that? >> you reduce the number of write-offs and loopholes in some combinations. >> which would you reduce? he's not been specific. >> he's provided more specificity than the president and any candidate. >> he's not specific about which deductions. >> one of the things he's said is a mechanism that limits val i of all itemized deductions might be one way to go. that's a way that you take a whole basket of all of the itemized deductions. >> 17,000. >> maybe it's some other number. but andrea, this is very specific. he's called for a cross the board marginal rate reductions, specified amount, 20%, insisted no increase in taxes on the middle class, that's one of the parameters, he sai
i disagree. >> mitt romney's tax proposals, because he has said that he can cut taxes without blowing up the deficit, without being deficit neutral, and at the same time keep defense spending. >> yeah. >> increase the defense budget. how does that work? >> governor romney said he can lower marginal tax rates and generate offsetting revenue so we don't increase the side of the deficit. >> how do you generate that? >> you reduce the number of write-offs and...
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let me play that. >> lowering tax rates by broadening the tax base works. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> i don't want to read into personality, but you can see a common theme when pressed or made uncomfortable. might we see that in two days? >> look, you know, ryan has actually been a liability to the ticket so far. he hasn't comported himself very well in this campaign at all yet. the polls immediately after he was named showed he wasn't a popular choice. his convention speech was pretty rah, rah to the people the in the hall the night it was given. the next day the fact checkers started in on it sliced it to ribbons. he's been a drag on this ticket, but i wouldn't underestimate him as a deet baiter. most people consider him the favorite into the debate. there's no question as governor rendell said that he is going to play with the truth. let's put it that way. he's going to stretch the truth, and biden will challenge him very directly on the ryan budget. i think biden should also with reference to
let me play that. >> lowering tax rates by broadening the tax base works. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through all of the math. >> i don't want to read into personality, but you can see a common theme when pressed or made uncomfortable. might we see that in two days? >> look, you know, ryan has actually been a liability to the ticket so far. he hasn't comported himself very well in this campaign at all...
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. >> it has never -- >> jack kennedy lowered tax rates -- >> now you're jack kennedy. >> we're cutting our own defense. >> this one liner from joe biden became the most tweeted moment of the night. was he channeling lloyd bentsen. >> policy of a romney administration will be to oppose abortion with the exceptions for rape, incest and life of the mother. >> well, i guess he accepts governor romney's position now because in the past he had has argued that there was rape and forcible rape -- >> good day. i'm andrea mitchell live in washington. the table is now reset for next week's matchup between the president and governor romney's after last night's combative contest in danville between the running mates. the vice presidential candidates sparred for 90 minutes in a contentious debate that delighted their bases but what is the impact on independent and undecided voters. joining me david gregory moderator of "meet the press" and chris cizilla msnbc contributor and managing editor of post-politics.com. the big night in danville first to you, chris overnight quick reaction polls which we do
. >> it has never -- >> jack kennedy lowered tax rates -- >> now you're jack kennedy. >> we're cutting our own defense. >> this one liner from joe biden became the most tweeted moment of the night. was he channeling lloyd bentsen. >> policy of a romney administration will be to oppose abortion with the exceptions for rape, incest and life of the mother. >> well, i guess he accepts governor romney's position now because in the past he had has argued that...
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they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who are, in fact, living off social security. they're veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with with this notion that 47% of -- it's about time they take some responsibility here. instead of signing pledges to grover norquist not to ask the wealthiest among us not to contribute to bring back the middle class, they should be signing a pledge saying to the middle class, we're going to level the playing field. >> that issue of taxes and which side wants to raise them and which side wants to cut them and on whom, that sparked one of the more spirited moments in tonight's debate. >> there aren't enough rich people in small businesses to tax to pay for all their spending. the next time you hear them say, don't ware aboutorry about it, a few people to pay their share, watch out. they're coming for you. you can preserve these important preferences. >> it has never been done before. >> it's be
they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who are, in fact, living off social security. they're veterans and people fighting in afghanistan right now who are, quote, not paying any taxes. i've had it up to here with with this notion that 47% of -- it's about time they take some responsibility here. instead of signing pledges to grover norquist not to ask the wealthiest among us not to contribute to bring back the middle class, they...
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that of course creates more tax revenue. in essence, you have more revenue that could be used in the government. so what we're looking at is -- >> by the way, just -- the 12 million figure that you guys like to use, economists have said if no one does anything, 12 million jobs are going to be added over the next few years. to say that 12 million jobs is an incredible achievement. >> i would say it's incredible when you look at president obama's current stagnant economy, when you're only seeing the gdp growing at 1.2%. and less than 114,000 jobs are being created a month. i mean it's just been, the way president obama has worked, where he's not been able to work with congress, not been able to provide the leadership to really get this economy going. just shows he has a failed policy that hasn't worked. we're seeing that medium household incomes have dropped. not enough jobs, jobs are not being created at the rate they should be created. under his plan, it would cost 700,000 jobs. that's not the plan we need to have for americ
that of course creates more tax revenue. in essence, you have more revenue that could be used in the government. so what we're looking at is -- >> by the way, just -- the 12 million figure that you guys like to use, economists have said if no one does anything, 12 million jobs are going to be added over the next few years. to say that 12 million jobs is an incredible achievement. >> i would say it's incredible when you look at president obama's current stagnant economy, when you're...
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Oct 13, 2012
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. >> he said tax policy, dodd franks immigration. there were five essentially flip-flops in one week. you know, it's not unusual for politicians to do that, but in one week five is a lot. >> is the campaign depending on the short attention span? >> i think it's one or two other things. one, i think they saw the positions that romney took in the primary may have been necessary to get the republicans which were really far to the right. i think they realized one month out this wasn't working and they had to do something different. the other thing is bill clinton had aurjed the campaign not go after the flip-flopping but to paint him more as a conservative, the idea being that if voters think that he's a flip-flopper, they may not be so worried about his positions because, well, you know, he may not mean what he says. >> he's hunkering down to prepare for the campaign. >> when you have 20 something days ahead, time is running against you. do we put him out in key battleground states or prepare him for the biggest debate of his life. he t
. >> he said tax policy, dodd franks immigration. there were five essentially flip-flops in one week. you know, it's not unusual for politicians to do that, but in one week five is a lot. >> is the campaign depending on the short attention span? >> i think it's one or two other things. one, i think they saw the positions that romney took in the primary may have been necessary to get the republicans which were really far to the right. i think they realized one month out this...